Poor revenue collection from Local Body Tax (LBT) and enforcement of election code of conduct for nearly four months for Lok Sabha and Assembly polls last year badly affected city’s development works, said standing committee chairman Narendra Borkar on ...

The Pimpri Chinchwad Municipal Corporation’s Local Body Tax (LBT) collection has crossed the Rs 900 crore mark for the first time since it was introduced two years back. The collection for the financial year 2014-15 now stands at Rs 903.2 crore.

NAGPUR: Unable to devise a tax system that will replace local body tax (LBT) the state government has decided to compensate the local bodies by providing grants equalling the highest LBT or octroi collection in last five years. This means that if a ...

PUNE: The imminent squashing of the local body tax (LBT) and subsequent revenue loss due to it has compelled the Pune Municipal Corporation (PMC) to increase the tax burden on citizens by raising the property and water taxes. The civic general body ...

NASHIK: The civic body is planning to take action from next month against those who are yet to file local body tax (LBT) returns for the last financial year (2013-14). LBT is the major source of income for the Nashik Municipal Corporation (NMC), ...

Thane: In a startling revelation, the Thane Municipal Corporation (TMC) does not have a list of local body tax (LBT) defaulters. This was learnt through the right to information act. This raises serious questions about the transparency in the ...

Maharashtra is likely to scrap the Local Body Tax (LBT). This levy is likely to be replaced with a surcharge on value-added tax (VAT) from the new financial year. Even this surcharge will be a stop-gap arrangement as the country is poised to move into a ...